PUBLISHER: BCC Research | PRODUCT CODE: 1074005
PUBLISHER: BCC Research | PRODUCT CODE: 1074005
The global market for cognitive computing should grow from $32.5 billion in 2021 to $147.8 billion by 2026 with a compound annual growth rate (CAGR) of 35.4% for the period of 2021-2026.
North American cognitive computing market should grow from $12.0 billion in 2021 to $48.0 billion by 2026 with a compound annual growth rate (CAGR) of 31.9% for the period of 2021-2026.
European cognitive computing market should grow from $8.9 billion in 2021 to $38.5 billion by 2026 with a compound annual growth rate (CAGR) of 34.1% for the period of 2021-2026.
In this report, the market has been segmented based on component, deployment mode, organization size, end user, application, and geography. It provides an overview of the global cognitive computing market and analyses market trends. Using 2020 as the base year, the report provides estimated market data for the designated forecast period from 2021 to 2026. Revenue forecasts for this period are segmented based on component, deployment mode, organization size, end user, application, and geography. Market values have been estimated based on the total revenue of cognitive computing solution providers.
The report covers the market for cognitive computing regarding the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for cognitive computing in 2020 and provides projections for the expected market size through 2026.
The scope of the study includes cognitive computing solutions and associated services, and services associated with the platform. Hardware (e.g., data centers), however, have been excluded from the study.